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. taking a live look at the big word. the dow is down -- at the big board. the dow is down and overseas asian markets closed up higher. the nikkei closed up 46 points. investors are optimistic that something will happen before next week. >>> the congress department released the home june sales. new home sales fell 1% to a rate of 312,000 homes sold per year but for the second year in a row, home pry iz -- home prices were up in 16 of the 20 largest cities. analysts say housing remains the weakest part of the u.s. economy. >>> president obama visited the norwegian embassy in washington this morning to pay his respects to the victims of the terrorist attacks. the lawyer for the admitted shooter is speaking publicly about the case. he says anders breivik was on some kind of stimulant drug at the time of the attacks and told him he was surprised that he wasn't dilled -- killed by police. >> this whole case as indicated is insane. he is in a war and he says the rest of the world, especially the western world, don't understand his point of view. that's in -- that in 60 years we'll understand
of being more worried about the election. >>> let's take a live look from the big board in new york city. currently you can see the dow is down 78 points. stocks fell after congress failed to reach the deal. at one point is was down to about 140 points. right now, the dow is down 78 points. nasdaq is down 12. s&p is down just 6. overseas stocks closed down in asia with investors there worried about the budget balance. japan's nikkei dropped 8/10. similar losses were seen in australia and in deya -- and india. >>> the debt showdown is forcing president obama to cancel several campaign fund- raisers. campaign officials say the president had to cancel two events planned for tonight at the nation's cap -- capitol. that's on top of two events this week, including one here in california. despite that, he's taking sometime some time off today to host the -- some time off today to host the san francisco giants. mr. obama will honor the work off the field in the community. the white house ceremony begins in just about an hour from now, at 1:00. >>> one day after same-sex marriages became legal in
is enjoying tv shows in his hospital room. >>> caltrans crews working to fix a big sinkhole on highwayy in san jose. it's on the south side of the freeway. the southbound sides of the freeway near west virginia street. it's a 30-foot gap under the median. the highway patrol closed one lane of the highway next to the median, and the alma avenue onramp. caltrans is estimating the repairs will take all day. agency officials say the sinkhole was probably caused by traffic vibrations and large trucks carrying heavy loads. >>> the bitter back and forth continued today between democrats and republicans over the debt limit. sniped at each other this morning, congressional leaders scheduled to meet with the white house once again today to try to work out a deal. president obama has said he wants an agreement at the end of the week declaring enough is enough. in the meantime, federal reserve chairman ben bernanke warned congress again today that a default on the nation's debt would be calamitous. >>> a scare late this morning in the south bay because of this accident and something the vehicle hit. the l
on the streets off. live in san jose, jade hernandez ktvu channel 2 news. >> big cutbacks took effect today at the san jose fire department. the department will put as many two fewer engines on the street on any particular day and it will cut staffing from five firefighters per truck to four. firefighters say it will hurt response time. >> as response times increase fire intensity grows, so upon arrival our firefighters are faced with a greater workload, higher risk and greater demand. >> while firefighters will be doing more work, they will be paid 10% less. >>> the oakland city council narrowly approved a budget last night that will allow the rehiring of police officers. mayor jean kwan cast the tie- breaking vote for a budget that provides funding for 22 officers laid off a year ago and also keep libraries and fire stations open but it does call for city worker furlough days, the budget still depends on concessions from five unions. it may need to be revised, depending on the outcome of those deals. >>> a 29-year-old clear lake man is behind bars in sonoma county this noontime suspected
and the final chapter may be written for a book store chain. Ñw? >>> taking a live look at the big board on wall street, numbers are still in positive territory as there is still the ongoing negotiations over the debt ceiling debate right now in washington, d.c. right now the dow is currently up 15, nasdaq is up 19, s&p is up 3.5. >>> the oakland based clorox company is considering a $10.2 billion buy out offer from carl iconn who owns a percentage of the company already. >>> this weekend could be the last chapter for border stores in the area. they are the only local stores that remain open. 15 other bay area locations closed after the company filed for bankruptcy in february. after a deal for a private equity firm to buy the book chain failed, it could shut down all the remaining stores. a bankruptcy judge has given borders until 5:00 p.m. on sunday to find a new company to buy it, otherwise a bid from a liquidation company will be accepted. >>> major progress is being reported in the nfl lockout. sources familiar with the negotiations say a tentative agreement could come within 24 hours. just
be honored by the san francisco for another reason. >>> taking a live look at the big board on wall street, not even a strong string of earnings reports could scathe off investor worries on wall street. europe's banking troubles and and -- and an impasse over lifting the u.s.'s borrowing limits, the dow is down 127, nasdaq down 129. 911 s&p down 14. >>> later this morning, president obama announced his nomination. he nominated former ohio attorney general richard cordray to the new post. he was the leader among state regulators who challenged banks over their mortgage foreclosure practices. his nomination is expected to run into opposition from senate republicans and the financial services industry. >>> now another celebrity is getting an invitation to a marine it corps ball. >> i would take betty white. she's just funny. she's sweet. she's mature. she's the all-around perfect woman. >> that's sergeant lewis inviting betty white to be his date for the marine corps ball. she has not responded yet. justin timberlake said attending the ball is a way to honor your country. >>> a man in western
Search Results 0 to 5 of about 6